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12 Families Handed Keys to New Homes in San Miguel
Supervisors Ovitt and Patterson Join Peoples' Self-Help Housing in Welcoming Final Families to "Cottonwood Homes"—Single Family Homes
Who: Supervisors Ovitt and Patterson; Mike Ellison, General Manager of the San Miguel Community Services District; Families moving into Cottonwood Homes; Representatives of Peoples' Self-Help Housing; other guests and dignitaries
What: Welcome the final 12 families moving into Cottonwood Homes and present "move-in kits" and gift baskets
Where: 1535 Verde Place in San Miguel (off 15th Street)
When: Monday, August 22, 11 AM
Cottonwood Homes is a Self-Help sweat equity (owner-built) development that began in December of 2003 and is comprised of attractive 3 and 4 bedroom models.
Home owners possess good credit and rental history, a minimum family income of at least $26,000 per year (and a maximum of $46,150 for a 4 member family); and made a commitment to work 40+ hours per week on their homes.
Groups of 10-12 families worked together under the supervision of PSHH to construct one another's houses. The first 10 families completed their homes in November, 2004. This "sweat equity" is used in lieu of a cash down payment. Additionally this collective effort creates neighborhood ties and an overall sense of pride in the community through the direct construction involvement of its future residents. Using the mutual self-help concept families worked weekends this past year to complete their homes.
Peoples' Self-Help Housing is an award winning non-profit organization with 35 years of experience developing affordable housing and community facilities for low-income and special needs households. With over 1000 homes completed and over 1200 rental units developed, PSHH continues to strengthen its reputation and leadership position as the premiere affordable housing and community developer on the Central Coast. PSHH is committed to developing vibrant neighborhoods, building attractive, high quality housing and to providing innovative community services, so their residents have every possible opportunity to succeed in life.